Nokia in Q2: Lumia sales up, company still in the red

Nokia is still going through the tough transitional period as confirmed by its Q2 financial results. The report is a mix of good news and bad news - the good news is that Lumia sales are picking up, the bad news is that the Finnish company is still losing money.

There were 4 million Lumia phones sold in Q2 of 2012 (up from 2.2 million in Q1). Stephen Elop commented that Nokia will continue to support current devices "well beyond the launch of Windows Phone 8" (current phones will get WP7.8, but not WP8).

Sales and shipping numbers for Nokia's smart devices declined both year on year and quarter on quarter. This is mainly due to reduced Symbian sales and the falling Average Selling Price (ASP) of the platform. On the other hand, the ASP on smart devices combined went up both QoQ and YoY.

Net sales of Nokia featurephones are down YoY, but mostly unchanged from the previous quarter even though the number of devices shipped went up. The sub-?50 models like the Nokia 100 and 101 were driving sales up, but the pricier higher-end models found it hard to compete with affordable smartphones.

The report mentions declining net sales across the world, except for North America, a market Nokia has been working hard to get back into. Net sales were up 45% there compared to last year's Q2, but the number of shipped units fell by 60%.

Nokia received ?400 million pre-payments for intellectual property licenses and ?196 million ($250 million) quarterly "platform support" from Microsoft. The Finnish company also sold its Vertu subsidary, which wasn?t essential to its core business. Nokia bought Scalado, a company known for its cool imaging software.

In an effort to reduce expenses, Nokia closed its R&D department in Ulm, Germany and Barnaby, Canada and is working towards closing off a factory in Salo, Finland. The R&D department there will continue to operate.

The bottom line is this - net sales from Devices & Services department of Nokia are down 26% YoY, shipments are down 5% and the operating loss in Q2 was ?474 million. The company as a whole posted an operating loss of ?826.

You can read more details on Nokia's Q2 2012 performance in the company's press release (PDF).

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Galaxy S III sales breach 10 million, satisfy Samsung executives

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Nokia in Q2: Lumia sales up, company still in the red

Nokia is still going through the tough transitional period as confirmed by its Q2 financial results. The report is a mix of good news and bad news - the good news is that Lumia sales are picking up, the bad news is that the Finnish company is still losing money.

There were 4 million Lumia phones sold in Q2 of 2012 (up from 2.2 million in Q1). Stephen Elop commented that Nokia will continue to support current devices "well beyond the launch of Windows Phone 8" (current phones will get WP7.8, but not WP8).

Sales and shipping numbers for Nokia's smart devices declined both year on year and quarter on quarter. This is mainly due to reduced Symbian sales and the falling Average Selling Price (ASP) of the platform. On the other hand, the ASP on smart devices combined went up both QoQ and YoY.

Net sales of Nokia featurephones are down YoY, but mostly unchanged from the previous quarter even though the number of devices shipped went up. The sub-?50 models like the Nokia 100 and 101 were driving sales up, but the pricier higher-end models found it hard to compete with affordable smartphones.

The report mentions declining net sales across the world, except for North America, a market Nokia has been working hard to get back into. Net sales were up 45% there compared to last year's Q2, but the number of shipped units fell by 60%.

Nokia received ?400 million pre-payments for intellectual property licenses and ?196 million ($250 million) quarterly "platform support" from Microsoft. The Finnish company also sold its Vertu subsidary, which wasn?t essential to its core business. Nokia bought Scalado, a company known for its cool imaging software.

In an effort to reduce expenses, Nokia closed its R&D department in Ulm, Germany and Barnaby, Canada and is working towards closing off a factory in Salo, Finland. The R&D department there will continue to operate.

The bottom line is this - net sales from Devices & Services department of Nokia are down 26% YoY, shipments are down 5% and the operating loss in Q2 was ?474 million. The company as a whole posted an operating loss of ?826.

You can read more details on Nokia's Q2 2012 performance in the company's press release (PDF).

Source

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Samsung break smartphone sales record in Q2

The official numbers aren't out just yet, but according to Reuters, Samsung might have broken the smartphone sales record in what is otherwise considered a pretty slow quarter.

Reuters polled 41 analysts and, based on their estimates, claim that the Korean company shipped 50 million smartphones in Q2. That would make Samsung an undisputed smartphone leader as the second-placed Apple reportedly experienced a drop in its sales and shipped 30 million units compared to 35 million in Q1.

Undoubtedly the strong performance of Samsung is helped by the launch of its flagship device - the Galaxy S III, which first became available at the end of May. With the smartphone only finding its way to the US shelves in Q3 we should probably expect more good news from Samsung in three months' time.

As for Apple - the demand for the iPhone was naturally weaker in Q2 as it's starting to show signs of age (the 4S was already 8 months old at the end of the quarter). There are also rumors that this has forced Apple to move the launch of the iPhone 5 to an earlier date, reportedly at the start of August, instead of the planned October release.

Nokia
-Smart devices
--Windows

The Reuters report also points at Samsung as the World's number one cellphone manufacturer in general, a title the company holds for a second consecutive quarter after overtaking Nokia in Q1. According to the analysts the Koreans sold a total of 95.8 million mobile phones (that's smartphones and featurephones) during Q2, compared to the 80.1 million that Nokia managed.

The bit of good news for Nokia is that the company managed to ship 3.71 million Windows Phone smartphones, which is a more than 85% increase over the 2 million in the first three months of the year. If the Finns manage to retain the same level of growth through the year they might be back in the smartphone game come the holiday quarter.

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